LIC Housing Finance Q3 net profit up 26%

Mumbai: LIC Housing Finance on Wednesday reported an increase of 26 per cent in its standalone net profit for the quarter ended December 31, 2018. The company said in a statement that the net profit for the quarter under review increased to Rs 596.31 crore from Rs 475.10 crore during the same period previous year.

According to the company: “As per NHB (National Housing Bank) norms total Gross NPAs for the company including NPAs on developer loans was 1.26 per cent as on December 31, 2018 as against 0.87 per cent as on December 31, 2017. Gross NPAs in individual segment was 0.93 per cent as on December 31, 2018.” (IANS)

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